Can anyone explain plz

CPT 1462 views 9 replies
Goods sent on consignment for Rs.50,000. During transit 1/10th of goods were destroyed by fire. Again 1/9th of goods received by consignee were destroyed by fire in godown. Half of the original goods were sold for Rs.30,000. Freight & insurance paid by consignor Rs.2,500 and Rs.1500 respectively. Calculate closing Stock.

a) Rs.24,000 b) Rs.21,600 c) Rs.20,000 d) Rs.16,200

the answer is 16,200. Can anyone tel me how the answer is 16,200 ???

Replies (9)

thank u so much mam i did everything correct till 43200 what i did was jusy divided 43200 by 2 and got 21600 as answer

This is what happens in exam, we read question quickly and miss some points. its not at all difficult but ...we miss at times

Yes mam ur rite :) :)

. Yogam consigned cost of goods of Rs. 1,00,000 at an invoice price of 20% above cost. Consignee is entitled to 5% commission on sales up to Invoice price, 20% on sales which exceeds invoice price, 2% delcredre commission on credit sales. He sold 25% of goods for cash for Rs. 40,000 and 50% of goods on credit for Rs. 70,000, 10% of goods taken by consignee. Calculate commission?

a) Rs. 10,500 b) Rs.9900 c) Rs.10,200 d) None of these

 

mam the answer for this question is A (10,500) but i got as 10,700. can u tel me wer did i go wrong??

mam onething im confused is tat When goods are taken by consignee for him then y are we providing commission (600 Rupees) to him ???

consignee may sell it to others or even himself

consignor has already invoiced at cost + 20%

so consignee needs to sell at or above invoice price

in given case consignee took over at invoice price

Got it mam Thank U :)


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register